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Banque Du Caire, one of Egypt’s most established banking institutions with over 70 years of operations, has announced its intention to offer a 30% stake for trading on the Egyptian Exchange (EGX). The transaction will take place through the sale of 4.575 billion shares owned by Banque Misr, subject to obtaining all necessary regulatory and supervisory approvals.

EFG Hermes will act as Joint Bookrunner and International Coordinator, while CI Capital will serve as Sole Global Coordinator and Joint Bookrunner for the offering.

Tranche Details and Target Investors

The prospective offering consists of two main tranches:

First Tranche (Private Placement): Targeted at qualified institutional investors in Egypt and internationally, including Rule 144A institutional buyers in the United States and non-U.S. investors pursuant to Regulation S under the U.S. Securities Act of 1933.

Second Tranche (Public Offering): Dedicated to retail investors in the Arab Republic of Egypt.

Banque Misr (the Selling Shareholder) intends to sell 4,575,000,000 existing ordinary shares, representing 30% of Banque Du Caire's issued share capital. The final size of the offering will be determined following final approvals from the Financial Regulatory Authority (FRA) and the EGX.

Timeline and Legal Counsel

The bank is currently working to finalize the required regulatory requirements, primarily the approval of the prospectus and share registration by the FRA, alongside approvals from the EGX. Anticipated timeline:

Subscription Completion: Late October 2026.

Trading Commencement: November 2026.

Regarding legal advisory, Baker McKenzie has been appointed as international legal counsel to Banque Du Caire and Banque Misr for U.S. and English law, while Helmy, Hamza & Partners (a member firm of Baker McKenzie International) will act as local legal counsel for Egyptian law.

Executive Leadership Vision

Hussein Abaza, Managing Director and CEO of Banque Du Caire, stated that the IPO represents a major milestone in the bank's growth trajectory. He highlighted that the institution has successfully built a solid, diversified business model spanning retail, corporate, SME, and microfinance segments—focused on generating rewarding profit margins and maintaining disciplined risk management. Abaza added that the bank looks forward to welcoming new investors as it transitions into a publicly listed entity.